This panel will explore the growing risks involved with more complex and increasingly lengthy supply chains. A developing presence overseas, the use of multiple transportation modes, as well as the implementation of lean concepts and other advanced supply chain techniques all increase the risk that companies may face within their supply chain. Our panelists will discuss the factors that lead to greater risk and what a company may do to limit exposure to risk.

Syndicated Columnist, Financial Commentator and Author

MODERATOR

George G. Kaufman

John F. Smith Professor of Finance and Economics, Loyola University Chicago

111 E. Pearson, Beane Hall

"Turbulent Markets: Clearing, Settlement, & Counterparty Risk"

The Center for Integrated Risk Management and Corporate Governance held its inaugural symposium, Emerging Issues: Risk Management and Corporate Governance, on April 19-20. The symposium program, sponsors, and key speakers are highlighted below.

Panelist:Mark McConnell, Partner, Hogan and HartsonLunch and Keynote SpeakerChair:David Yellen, Dean, School of Law

Sofitel

Noon-1:30 p.m.

Keynote Speaker: John Hasnas, School of Business, Georgetown UniversityTopic:"When Acting Ethically is Against the Law"Concurrent Panel Session ISchool of Law:"Corporate Governance 5 Years After Sarbanes Oxley"

Moderator:Charles Murdock, School of Law, Loyola University Chicago

Panelists:

Stephanie Ben-Ishai, Osgoode Hall Law School, York UniversityHenry N. Butler, School of Economics and Law, Chapman University

Rubloff Auditorium

1:45 – 3:15 p.m.

Cheryl Wade, School of Law, St. John's UniversityRubloff Auditorium

Concurrent Panel Session I

Quinlan School of Business:"Intellectual Property Loss and Data Breaches. Now What?"

Quinlan School of Business:"Is Reducing Legal Risk Always Ethical?"Moderator: John Boatright, Professor of Management, Quinlan School of BusinessPanel:

John Hasnas, School of Business, Georgetown UniversityVic Khanna, School of Law, University of MichiganCharles Sklarsky, Partner, Jenner & Block

Room #211, 25 E. Pearson

Keynote Speakers

John H. BiggsDirectorBoeing Company, JPMorgan Chase & Co.

Mr. Biggs served as Chairman and Chief Executive Officer of TIAA-CREF from 1993 until November 2002, prior to which he was President and Chief Operating Officer from 1989. He earned a Ph.D. in economics at Washington University and began his career in the financial industry in 1958. Mr. Biggs is also a director of the Boeing Company, JPMorgan Chase & Co, and the National Bureau of Economic Research. He is a trustee of the Danforth Foundation, the Santa Fe Opera, and Washington University. He is Chairman of the Board of the J. Paul Getty Trust and Emeriti.

Michael G. CherkaskyPresident and CEOMarsh & McLennan Companies, Inc.

Michael Cherkasky understands the complexity of risk in today’s marketplace, and its importance in building healthy companies. In his role as President and Chief Executive Officer of MMC and previously as the President and Chief Executive Officer of Kroll, Mike has seen all sides of risk management and control. He began his career in the criminal justice system as a trial attorney, administrator, and investigator. He served as a law clerk in the United States District Court for the Northern District of Ohio and as an assistant district attorney in New York County. He served as the head of the Rackets Bureau and the head of the Investigations Division of New York County District Attorney's Office where he investigated fraud, corruption, money laundering, organized crime figures including John Gotti and events including the 1993 bombing of the World Trade Center. Mike is a media commentator on national and corporate security issues. He authored Forewarned: Why the Government is Failing to Protect Us and What We Must Do to Protect Ourselves, 2002.

John HasnasAssociate ProfessorMcDonough School of Business, Georgetown University

Professor Hasnas has held appointments as an Associate Professor of Law at George Mason University, Visiting Associate Professor of Law at American University, and Law and Humanities Fellow at Temple University. He is also a visiting scholar at the Kennedy Institute of Ethics in Washington, DC. He received a J.D. and Ph.D. from Duke University and an LL.M. from Temple University. Between 1997 and 1999, he served as assistant general counsel to Koch Industries, Inc. He has been an op-ed contributor for the Wall Street Journal, Washington Post, and National Law Journal. His most recent book is titled When Acting Ethically is Against the Law.

John F. (Jack) SanderFormer ChairmanChicago Mercantile Exchange

Retiring after 13 years as Chairman of the Board of the Chicago Mercantile Exchange, Mr. Sandner is the longest serving exchange Chairman in the history of the futures industry. Currently, he serves as a Director and Special Policy Advisor to the CME Board of Directors. Under his leadership, the CME embarked on many groundbreaking initiatives, creating innovative global products, seamless technology for global distribution and execution, and a new business paradigm for the 21st century. Most recently, he was a member of the team that took the CME public, the first exchange in the U.S. to do so. He is a trustee of numerous organizations including the University of Notre Dame, Rush University Medical Center, the Lyric Opera of Chicago, and the Museum of Science and Industry. He sits on the boards of the National Futures Association and Click Commerce, Inc., a public company providing solutions to Fortune 500 companies. He is a graduate of the University of Notre Dame Law School and in 2006 was awarded an honorary doctor of laws by that university.

Panelists

Stephanie Ben-IshaiProfessor of Law, Osgoode Hall Law School, York University

Professor Ben-Ishai teaches contracts, bankruptcy, commercial law and corporate governance at Osgoode Hall Law School in Toronto, Canada. She has published recent articles and book chapters in business and personal bankruptcy, corporate governance, and commercial law and has presented on these topics at numerous Canadian and international conferences. Her recent research has been funded by the Insolvency Institute of Canada, the Schulich Program on Financial Services, the Industry Canada Insolvency Research Initiative, a Borden Ladner Gervais Research Fellowship, and the Foundation for Legal Research. Her articles have appeared in leading Canadian and international law reviews including the International Insolvency Review, Texas International Law Journal, Osgoode Hall Law Journal, Dalhousie Law Journal, Queen's Law Journal, Alberta Law Review, Banking and Finance Law Review and the Journal of Women and the Law. Professor Ben-Ishai's most recent publication is a co-authored a book entitled Canadian Bankruptcy and Insolvency Law: BillC-55, Statute c.47 and Beyond (Toronto: LexisNexis Canada Inc., 2007). Her honors and service activities include being the acting editor-in-chief of Banking and Finance Law Review, secretary of the Canadian Law and Economics Association, and academic director of the Osgoode PDP Masters in Banking and Finance Law. She is a past winner of the American Bankruptcy Institute Medal of Excellence and Fulbright and SSHRC fellowships. Before entering academics, Professor Ben-Ishai practiced with the Insolvency and Restructuring Group at Osler, Hoskin and Harcourt and clerked for three judges at the Court of Appeal for Ontario.

Henry N. ButlerJames Farley Professor of Economics, Chapman University School of BusinessProfessor of Law, Chapman University School of Law

Dr. Butler has been active in the development of Law & Economics as an academic discipline throughout his professional career. He has a Ph.D. in Economics from Virginia Tech and a law degree from the University of Miami. He has held academic positions at Texas A&M University Department of Management, University of Chicago Law School, and George Mason University School of Law. Prior to moving to Chapman in 2001, he was the Fred C. and Mary R. Koch Distinguished Professor of Law and Economics at the University of Kansas Schools of Law and Business. Dr. Butler is an expert on the economic analysis of law, and he has published numerous articles and several books on a variety of topics. His articles have appeared in leading economics journals and law reviews, including the Journal of Law and Economics, Journal of Legal Studies, Journal of Law, Economics, and Organizations, Virginia Law Review, Cornell Law Review, and Yale Journal on Regulation. Dr. Butler serves on the Legal Advisory Council of the National Legal Center for the Public Interest, the Advisory Board of the Atlantic Legal Foundation, and the Legal Policy Advisory Board of the Washington Legal Foundation. He is also the Director of the Judicial Education Program at the AEI-Brookings Joint Center for Regulatory Studies.

Mr. Gazzaway’s experience includes auditing public and private companies and assisting an array of companies in the improvement and documentation of effective systems of internal control. He has also assisted large public companies in the development and execution of plans to restate their financial statements in the wake of internal control failures. He is also one of four steering committee chairmen assisting in the development of the Open Compliance and Ethics Group’s framework for integrating governance, compliance, risk management and integrity into all business processes. Most recently, he was appointed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) board to lead a project to develop guidance regarding the effective monitoring of internal control in accordance with COSO’s Internal Control—Integrated Framework. Mr. Gazzaway was recognized by Treasury & Risk Management magazine in 2005 as one of the “100 most influential people in finance” and by Business Finance magazine in 2006 as one of 60 top “Influencers” in finance and accounting. He has a Bachelor of Science in Business Administration and a Master of Accounting from the University of North Carolina at Chapel Hill.

Vic KhannaProfessor of Law University of Michigan School of Law

Prior to joining the University of Michigan Law School faculty in fall 2004, Professor Khanna served on the Boston University School of Law faculty. He earned his S.J.D. at Harvard Law School. Professor Khanna has been visiting faculty at Harvard Law School, a senior research fellow at Columbia Law School, and a visiting scholar at Stanford Law School. He is a recipient of the John M. Olin Faculty Fellowship for 2002–2003, and his areas of research and teaching interest include corporate law, securities fraud & regulation, corporate crime, corporate and managerial liability, law in India, corporate governance in emerging markets, and law and economics. His papers have been accepted for publication in the Harvard Law Review, Boston University Law Review, and the Georgetown Law Journal among others. He has also presented papers at Harvard Law School, Columbia University School of Law, American Law & Economics Association Annual Meeting, University of Michigan Law School, University of California at Berkeley Law School, the National Bureau of Economic Research, Indian Institute of Management Bangalore, Indian School of Business (Hyderabad), Singh University (Beijing), Wharton Business School, Stanford Law School, and Yale Law School among others.

Mark McConnelPartnerHogan & Hartson

Mark McConnell represents a broad range of clients in international trade litigation and government policy matters. He is considered one of the leading international trade litigators in Washington, D.C., having won a number of high-profile actions in the last decade. In addition to trade disputes, Mark is highly experienced in public policy coalitions. He helped to create and advise the Coalition of American Steel-Using Manufacturers, which lobbied successfully for the termination of voluntary restraint agreements in steel; advised the Business Coalition for U.S.-China Trade, which successfully advocated normalization of trade with China; advised USA*Engage, a coalition of leading U.S. businesses and associations seeking to limit the use of U.S. unilateral economic sanctions; and advises the Diesel Technology Forum, an association of leading diesel manufacturers, refiners, and suppliers that promotes technological improvement to reduce engine emissions. Since joining the firm in 1979, Mark has remained active in political affairs. He took a leave of absence in 1980 to serve on President-elect Reagan's presidential-transition team, and in 1988 served in Sen. Robert J. Dole’s presidential campaign. From 2000-2001, Mark served President-elect George W. Bush as a member of the Transition Advisory Committee for the Office of the U.S. Trade Representative. Mr. McConnell received his J.D. and M.B.A. from Stanford University and his B.A. from John Hopkins.

Betty SimkinsAssociate Professor of FinanceOklahoma State University School of Business

Betty Simkins received her Ph.D. from Case Western Reserve University. She has coauthored more than 30 journal articles in publications such as the Journal of Finance, Financial Management, Journal of International Business Studies, and Journal of Applied Corporate Finance and has won a number of “best paper” awards at academic conferences. Her areas of research include risk management, corporate governance, and related topics. She has been interviewed and quoted in the press regarding her research including such publications as the Wall Street Journal, among others. Her risk management research with Charles Smithson was recently used in testimony to the U.S. Senate Banking Committee. Betty is very active in the finance profession and currently serves on the boards of directors of the Financial Management Association (FMA) and the Eastern Finance Association (EFA). She is Executive Editor of FMA Online and is the 2007 EFA Vice President of Program.

Charles B. SklarskyPartnerJenner & Block

Charles Sklarsky is a partner in the Chicago office and is a member of the firm’s Litigation Department. He is co-chair of the firm’s White Collar Criminal Defense and Counseling Practice and a member of the firm’s Conflicts Resolution and Pro Bono Committees. Mr. Sklarsky is also a member of the Executive Committee of the firm’s Litigation Department and is AV Peer Review Rated, Martindale-Hubbell’s highest peer recognition for ethical standards and legal ability. He is also a member of the Illinois Leading Lawyers Network in the area of white collar criminal defense, and is recognized in Chambers USA and Chambers Global as one of America’s leading lawyers for business. Mr. Sklarsky counsels individuals and companies on a wide range of issues involving litigation or potential litigation, including fraud and abuse, conflicts of interest, public corruption, criminal tax matters, criminal antitrust, theft of trade secrets, securities fraud and regulatory matters. He has substantial experience in representing individuals and entities in grand jury investigations, SEC investigations, criminal trials, SEC enforcement actions, qui tam litigation, complex civil litigation and appearances before regulatory bodies. Prior to joining Jenner & Block, he served for more than eight years as an Assistant United State’s Attorney for the Northern District of Illinois and for more than four years as an Assistant State’s Attorney of Cook County, Illinois. He graduated cum laude from Harvard College and received his J.D. degree from the University of Wisconsin.

Robert Steigerwald is Senior Financial Markets Advisor to the Financial Markets Group of the Federal Reserve Bank of Chicago, which studies public policy issues relating to financial markets, with a particular focus on Chicago’s derivatives exchanges and clearinghouses. Robert began his legal career in Chicago with Kirkland & Ellis and later served as chief legal officer of Multinet International Bank, a clearinghouse for foreign currency transactions. In that capacity, he managed the bank’s legal and regulatory affairs and contributed to the development of the clearinghouse’s risk design. He also served as principal U.S. counsel in connection with the development of a multicurrency payment-versus-payment system known as “continuous linked settlement.” Robert joined the Federal Reserve Bank of Chicago in February 2000 and in 2005 he was a Visiting Scholar at the Institute for Monetary and Economic Studies (IMES) at the Bank of Japan.

Dan SwartwoodData Protection OfficerMotorola

Dan has focused his career on privacy and intellectual property protection issues in the technological world. Today, Dan and his team provide leadership to all aspects of Motorola’s global operations. Previously, he was the Data Privacy Officer at HP and the Corporate Privacy Manager at Compaq Computer. While at Compaq, he also served as the Information Security Manager where he developed an industry leading IP protection effort. He is the first and only Chairperson of the International Association of Privacy Professionals Certification Panel, which created the first privacy certification program. Dan is one of the original Certified Information Privacy Professionals. He is the co-author of five bi-annual proprietary information loss surveys sponsored by the American Society for Industrial Security, International, and has authored articles and speaks at national and international conferences. He holds a Master of Science degree in Strategic Intelligence from the US Defense Intelligence College.

Cheryl WadeProfessor of LawSt. John's University School of Law

Professor Wade has written law review articles on securities, corporate and education law. She has contributed essays in these topics published by Tulane Law Review and The Journal of Gender, Race & Justice. Her articles have been listed in The National Law Journal's “ Worth Reading Column” (add quotes around column name) and cited in several leading law reviews. Professor Wade is a frequent speaker and panelist at various university conferences and workshops on issues of corporate and civil rights law. She has spoken at conferences organized by the Society of American Law Teachers, the American Association of Law Schools, the National Bar Association, the National Association for the Advancement of Colored People, and the Association of University Women. For several years, Professor Wade served on the Board of Directors of the Women's Action Alliance. She served as the chair of the Task Force on Diversity in Law Faculty Hiring, which is part of the Committee on Law Student Perspectives of The Association of the Bar of the City of New York. Prior to joining the faculty at St. John's Law School, Professor Wade served on the faculty at Hofstra Law School. She received a Bachelor of Arts from the State University of New York, Stony Brook, a Master of Arts from St. John's, and a Juris Doctor from Hofstra University School of Law.

Scott A. WarrenManaging DirectorKroll

Scott specializes in protecting intellectual property and fighting cyber crime in Asia (he has lived in Japan for 14 years), the Middle East and Europe. He is a member of the Society for the Policing Cyberspace Board of Directors (POLCYB), Assistant Director of the Asia-Pacific Cyberlaw, Cybercrime and Internet Security Research Institute, and a member of the Intellectual Property Section of the State Bar of California. Prior to joining Kroll, Scott was Senior Attorney for Microsoft in Japan, in charge of its Anti-Counterfeiting Team covering Greater China, Japan and Korea. As such, he helped direct one of the largest seizures of counterfeit goods in Microsoft’s history, and negotiated one of the largest anti-counterfeiting settlements for Microsoft in Asia. Scott was the worldwide director of Xbox anti-piracy for its legal group, leading teams to design and protect the Xbox and Xbox 360 platforms. He served as Microsoft’s Director of Internet Safety Enforcement for North Asia, spearheading its cyber crime enforcement efforts and working with local police to increase the arrest of cyber criminals. Prior to Microsoft, Mr. Warren was the General Counsel of Sega Corporation, where he served for seven years.